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workers' productivity

Problem 1
In what specific ways (if any) does a college education increase a worker's productivity? Take some special care with this problem.

Problem 2
In what way is Per Capita GDP a better measure of economic well being than GDP? How does this relate to economic problems in the undeveloped world?

Problem 3
Is limitless growth possible? Justify your answer thoroughly.

Problem 4
If GDP is increasing by 3% per year how long will it take GDP to double?

Problem 5
Given the same conditions in Problem 4, how long will it take Per Capita GDP to double if the population grows at 2%?

Solution Summary

Per Capita GDP is emphasized.